Press Releases

New York, February 29, 2012

Deutsche Bank appointed as successor depositary bank for the Level II American Depositary Receipt program of Siemens Aktiengesellschaft

Deutsche Bank today announced its appointment as the successor depositary bank for the Level II American Depositary Receipt (ADR) program of Siemens Aktiengesellschaft (Siemens).

Siemens is a global leader in electronics and electrical engineering.  Its business activities in its Sectors Energy, Healthcare, Industry, and Infrastructure & Cities have made it a global market and technology leader. In fiscal 2011, Siemens’ roughly 360,000 employees worldwide generated revenue from continuing operations totaling approximately €74 billion and income from continuing operations of €7 billion.*

Akbar Poonawala, Head of Global Equity Services at Deutsche Bank, said, “Winning the depositary mandate for the Siemens’ ADR program represents significant recognition of Deutsche Bank’s excellent client servicing capabilities from one of the most prestigious global companies. We look forward to supporting the company in maintaining its profile with the international investor community. This transaction represents Deutsche Bank’s 6th ADR mandate for a DAX30 company over the past two years.”

*Source: Siemens AG (February 2012)

For further information, please call:

Deutsche Bank AG    
Press & Media Relations

John Gallagher
Phone: +1 212 250 4516

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Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.

Trust & Securities Services

Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on or

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© February 2012 Deutsche Bank AG. All rights reserved.


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